8, ELY WAY, RAYLEIGH, SS6 9TR - £490,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 ELY WAY is a large extended detached house of 136m², built sometime between 1991 and 1995. It was last sold for £490,000 in June 2020, which was around 3% below the average June 2020 detached price in the Rochford local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

8 ELY WAY Sold Prices

Land registry data shows two sales for 8 ELY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. One of the two 8 ELY WAY sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 3 JUN	£490,000	£506,355	3% below HPI
1997 27 MAR	£118,000	£100,424	18% above HPI

8 ELY WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochford local authority area over time, sourced from the HPI. The two 8 ELY WAY sales from March 1997 and June 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 1997 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 8 ELY WAY?

8 ELY WAY is 136m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 40% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 8 ELY WAY lies on this distribution: 64% of detached houses are smaller than 8 ELY WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

8 ELY WAY: Plot and Title Map

8 ELY WAY sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 8 ELY WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 ELY WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 ELY WAY?

8 ELY WAY is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 8 on ELY WAY.